Airbnb bookings for longer-term stays are growing, thanks to flexi work arrangements, CEO says

More people are booking longer-term rental stays because of flexible working arrangements as a result of the pandemic, says Airbnb CEO Brian Chesky.

"The pandemic has untethered millions of people from the need to be in office five days a week," Chesky told CNBC'sChesky also noted that Airbnb's average daily rate has been increasing because people are shifting away from booking cheaper one- or two-bedroom homes.

Instead, more are now opting for larger homes in more expensive markets such as North America or Europe because they are travelling with their families.Leisure travel in the U.S. will push domestic air travel back to pre-Covid levels by early 2022, according to aHowever, global air travel demand will take a bit longer to recover as travel limitations are still in place.

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